Bruce Michael Weinstein (Bruce Weinstein) Barred from Securities Industry, Fired by Sterne Agee Financial Services, Inc. and Terminated by Morgan Stanley Smith Barney – Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses - Bruce Michael Weinstein (Bruce Weinstein) Barred from Securities Industry, Fired by Sterne Agee Financial Services, Inc. and Resigned from Morgan Stanley Smith Barney
From 2014 until Bruce Weinstein’s firing in 2016, Bruce Weinstein was licensed with Sterne Agee Financial Services, Inc. Bruce Weinstein was previously licensed with Morgan Stanley from 2011 until Bruce Weinstein’s resignation in 2014. FINRA reports that Bruce Weinstein was fired by Sterne Agee Financial Services, Inc. and barred from the securities and investment banking in industry by FINRA on November 29, 2016. FINRA reports that Bruce Weinstein consented to the sanction and to the entry of findings that Bruce Weinstein submitted false expense reports, and accepted reimbursements from Bruce Weinstein’s member firm for ineligible expenses. The findings stated that each of the expense reports submitted falsely represented that Bruce Weinstein and multiple customers and potential customers had attended football games using tickets for which Bruce Weinstein sought reimbursement. In fact, FINRA reports that Bruce Weinstein had sold the tickets to third parties, and neither he nor any customers or potential customers had attended the games. The findings also stated that by knowingly submitting false expense reports, Bruce Weinstein caused the firm to maintain inaccurate books and records.
FINRA reports that Bruce Weinstein was previously terminated by Morgan Stanley Smith Barney on November 20, 2014. Morgan Stanley Smith Barney reported to FINRA that Bruce Weinstein’s termination related to allegations concerning Bruce Weinstein’s expense reimbursement submissions.
FINRA reports that three complaints and/or arbitration claims were filed involving Bruce Weinstein’s conduct with Morgan Stanley and/or prior employers, alleging excessive trading, unsuitable and unauthorized trading, churning, and/or misrepresentation. These complaints and/or arbitration claims all settled, with the largest settling for $56,500.
If you lost any money on investments with Bruce Weinstein, you may be able to recover your losses from Sterne Agee Financial Services, Inc. and/or Morgan Stanley. This is because Sterne Agee Financial Services, Inc. and Morgan Stanley had a duty to supervise Bruce Weinstein.
If you lost money on investments with Bruce Weinstein and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Sterne Agee Financial Services, Inc. and/or Morgan Stanley concerning Bruce Weinstein’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Bruce Weinstein and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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